Document Details

Document Type : Article In Journal 
Document Title :
An Empirical Study of the Audit Committees Functions and Criteria for the Selection of their Members in the Kingdom of Saudi Arabia
مهام لجان المراجعة ومعايير اختيار أعضائها : دراسة تطبيقية في المملكة العربية السعودية
 
Subject : Accounting 
Document Language : Arabic 
Abstract : The main objectives of this study are to lay down perceived functions of the audit committees its importance and to determine the criteria for the selection of their members in the Kingdom of?Saudi Arabia. In order to achieve these objectives, the research has been divided into five Parts: Introduction, Literature Review with comparison to what has been published in the Kingdom, Methodology, Findings of the Study and its Limitations and Recommendations of the Study. A questionnaires has been sent to 156 certified public accountants, 88 corporate executives and 24 financial statements users. Based on an acceptable response rate, data has been analyzed using ANOVA and frequency tests. The following are the main findings: (1) The participants have identified 21 audit committees' functions, such as participation in auditors' selection and the follow up of the execution of management letter of recommendations and evaluation of internal control systems. (2) There were statistically significant differences in 10 of?the identified audit committees functions among participants. (3) The majority of the participants has identified university degree in accounting, sufficient financial experience and independence as the main criteria for selecting audit committee’s members. Ownership in the company, full time work, and age were not identified as major deciding factors selection for committee’s membership. 
ISSN : 1319-0997 
Journal Name : Economics and Administration Journal 
Volume : 11 
Issue Number : 1 
Publishing Year : 1418 AH
1998 AD 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عبدالله علي منيفABDULLAH A. AL-MUNEEF Researcher  
عبدالرحمن إبراهيم الحميدABDURRAHMAN I. AL-HAMAIDResearcher  

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